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It's my understanding Argentina actually isn't heavily dependent on imports. Not only are taxes high on imports, they have a net trade surplus. Argentina also
by notch656a 5y ago
It's my understanding Argentina actually isn't heavily dependent on imports. Not only are taxes high on imports, they have a net trade surplus. Argentina also is extremely lucky like US they have extremely diverse environment including excellent farm ground, natural resource, and coastal access. Defaulting on debt might be a good option.
- gabythenerd 5y agoThe goods neccesary to raise cattle and grow soy, both some of the most important exports Argentina has, need to have the basics imported such as tools and seeds. Another problem is that exporting meat have been limited by law to try and control local prices [0], it has instead made Uruguay and Brazil start exporting what Argentina did previously and can't anymore because of state control. [0] https://batimes.com.ar/news/economy/argentina-extends-export-ban-on-popular-beef-cuts-to-tame-local-prices.phtml https://batimes.com.ar/news/economy/argentina-extends-export...